The purchase price includes $1.17 billion attributable to the acquired mortgage servicing rights, $900 million in other net assets and liabilities, including hedge assets, and $735 million of assumed debt. WaMu says it expects to sell most of the servicing rights acquired in the transaction, while maintaining core customer relationships with borrowers.
At June 30, 2002, Washington Mutual and its subsidiaries had 2,500 offices around the nation and assets of $261.28 billion.
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